SoalrCity, Tesla rise after Musk teases new productThe shares of SolarCity (SCTY) and Tesla (TSLA) are rising after Elon Must tweeted that Tesla would launch a new product that is not a car. Musk is the chairman of both companies. The product will be launched on April 30, Musk stated. Fifteen months ago, Tesla and Solar City unveiled a backup energy storage system for SolarCity's solar projects that utilize Tesla's battery packs. PRICE ACTION: In mid-afternoon trading, SolarCity rose 2.5% to $51.50 and Tesla gained 3.5% to $192. SolarEdge (SEDG), a provider of solar power harvesting and photovoltaic monitoring solutions, is up 6%, or $1.20, to $22.27. Its initial public offering took place on March 26. SolarCity accounted for 19.1% of SolarEdge's sales in FY14.

Sunrun powers up for IPO later this year, WSJ reportsSunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link